Rupiah hits 4-year low as Indonesia reopens after holiday

Ramadan inflation, election aftermath add to gloom on currency

20240402 Indonesian rupiah banknotes

The rupiah has lost 3% in the past month amid concerns over Indonesia's political situation in the aftermath of the presidential election on Feb. 14. © Reuters

ERWIDA MAULIA, Nikkei staff writer

JAKARTA -- The Indonesian rupiah hit a four-year low on Tuesday, as the dollar continues to rally, in the wake of higher-than-expected inflation data and concerns over presidential election disputes.

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